How does Digit's Savings Bonus work?

Christopher Wilson

March 21, 2019 16:40

Updated

Saving with Digit rewards you with a 1% annual Savings Bonus, paid every 3 months. Your bonus amount is calculated from the average daily balance in your Digit account over the previous 3 months — including Rainy Day savings and money accrued toward goals or bills.

Because the Savings Bonus is 1% annually, paid out quarterly, the amount you receive each time is 0.25%. For example, if your average daily balance over the past 3 months was $4,000 then your Savings Bonus for that period will be: $4,000 x (1% ÷ 4) = $10.

To check on your next bonus:

1) Open the Digit app

2) Scroll to the bonus section to see when your next bonus will be arriving

3) Tap the bonus section to see past bonuses earned

Please note:

If this feature conflicts with any of your religious practices, please feel free to contact us and we'd be happy to disable these bonuses for you.

Only accounts that have been active for the entire 3-month period are eligible to receive a Savings Bonus. And every Savings Bonus is subject toDigit Rewards Terms and Conditions.